I just read this: "Your companys SIC code can either hurt or help you when establishing and building business credit.

I don’t have 25k, my credit is maxed out.

@Mike HannemanYour post was overly dramaticYour property is done and rented so either eat the hard money interest for 6 months with less cash flow or go find a local credit union who will lend based on portfolio Not that hard

Is there a max % of seller contribution/credits allowed on commercial property?

Investment Info:

Large multi-family (5+ units) hard money loan investment.

Purchase price: $100,000,000

Cash invested: $500,000

Real estate investment

What made you interested in investing ...

." - Your interest rate on financing will be determined by your credit and income, and will usually be more or less "assigned" to you  by your lender.

The seller what’s to sell to save his credit, but doesn’t want to involve the wife ( I don’t blame him) but according to the county she is the sole owner of the house.

My first one i was in a basement type setting i thought i was going to be in a fancy hotel before i got there the guy i was in contact with misguided me the directions so i was already off to a bad start, then i told him what i wanted to get into and i said wholesaling and flipping but this event all they spoke about was a lot of the legal stuff and how to get loans and use other peoples money no money no credit never explained much else, so i didn't really find anything out of that.

My credit score is low about a 600 but I know I will be able to bring that score up now because of this new cash.

If my expenses + depreciation exceed my rental income, does the net loss apply against my other 1099 income.